JCI Is Projected To Weaken On Friday, These Six Shares Could Be Cuan's Choice

JAKARTA - The combined stock price index (JCI) is predicted to continue to weaken in today's trading, Friday, December 13. Phintraco Sekuritas in his research estimates the JCI will move at 7,450 resistance, 7,400 pivot, and 7,350 support.

Phintraco Sekuritas explained that the JCI experienced pullback due to indications of profit taking in trading last Thursday. JCI closed in the support area of 7,350-7,400 in yesterday's trading.

"The tolerance of pullbacks up to 7,350 can still be given to the JCI days, before returning to the bullish reversal trend," wrote Phintraco Sekuritas.

According to Phintraco Sekuritas, one of the external sentiments came from the annual economic work conference in China on Wednesday and Thursday. At the conference, the Chinese government reiterated opportunities for continued stimulus and greater on the fiscal and monetary side to encourage the country's economic recovery.

As before, news about China's stimulus plan is generally followed by capital outflows from Indonesia and weakening the JCI. However, it should also be noted that this movement is generally temporary and short-term, said Phintraco Sekuritas.

Still related to China, Phintraco Sekuritas explained, the market anticipates important economic data from China at the beginning of next week. From within the country, the market is looking forward to the realization of export and import value in November 2024 which is believed to continue the positive trend in previous months.

Phintraco Sekuritas recommends six stocks for today that are potentially cuan, namely ISAT, HRUM, ICBP, INCO, ANTM, and DKFT.